Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0501%/8h= −54.9% APRpaid last 24h −0.061%

Price spread now: Bitget against RISEx+0.040%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$230.234% of the position

Long on RISEx Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.077%−$8 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.040%, 7d avg +0.013%

Together, before fees−0.123%−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.027% dearer against RISEx than usual: you sell high and buy low (spread +0.040% now, against its 7-day average of +0.013%): +$3 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 3 days (−0.077% in total) that is about 29 hours.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.077% in total (about -8.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx DRAM/USDC	62.465	0.1096	pay 0.0137% / 1h	8m 02s	$456K	$498K	20x
Short	Bitget DRAMUSDT	62.490	0.0595	get 0.0595% / 8h	7h 08m	$26.2M	$12.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against RISEx. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee RISExbpFee BitgetbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$105.3
Price spread: +0.040% → +0.013%: $2.72
Slippage, 4 orders: −$5.38
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$125.96
Costs to cover: 0.234%
Break-even: never at this rate

Slippage from RISEx: live order book, 65 min ago; Bitget: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy RISEx live order book, 65 min ago	1.37 bp	4.4 bp −$4	5.4 bp −$54	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.80 bp	7.8 bp −$8	13.5 bp −$135	27.7 bp −$2,774	82.7 bp −$41.3K

DRAM on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX DRAM-USDT	0.0000%	8h	62.480	+0.024%	$861	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.460	−0.008%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.470	+0.008%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0018%	4h	62.437	−0.045%	$151K	$295K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0035%	1h	62.434	−0.049%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.400	−0.104%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.439	−0.042%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.450	−0.024%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.400	−0.104%	$1.1M	$1.9M	10x	as long as short
Pacifica DRAM	+0.0100%	1h	62.465	0.000%	$76K	$41K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin DRAMUSDTM	+0.0100%	8h	62.440	−0.040%	$3.0M	$421K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.450	−0.024%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.490	+0.040%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.474	+0.015%	$4K	—	10x	as long as short
Lighter DRAM	+0.0120%	1h	62.455	−0.016%	$972K	$1.3M	20x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.460	−0.008%	$1.0M	$78K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.390	−0.120%	$540K	$91K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0229%	1h	62.476	+0.018%	$82.3M	$37.6M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0231%	8h	62.472	+0.011%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0244%	8h	62.500	+0.056%	$5.5M	$4.6M	50x	as long as short
Bybit DRAMUSDT	+0.0467%	8h	62.540	+0.120%	$9.6M	$10.4M	100x	as long as short
Aster DRAMUSDT	+0.0480%	8h	62.360	−0.168%	$201K	$36K	20x	as long as short
Entropy io:DRAM	+0.0514%	1h	62.371	−0.151%	$255K	$448K	25x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0551%	1h	62.460	−0.008%	$13K	$3K	20x	as long as short
Variational Omni DRAM	+0.0561%	8h	62.435	−0.049%	$2.4M	$749K	—	as long as short
Bitget DRAMUSDTshort	+0.0595%	8h	62.490	+0.040%	$26.2M	$12.9M	20x
Arcus DRAM-USD	+0.0606%	1h	62.450	−0.024%	$51K	$82K	10x	as long as short
Extended DRAM-USD	+0.0608%	1h	62.486	+0.033%	$76K	$665K	10x	as long as short
MEXC DRAM_USDT	+0.0608%	8h	62.490	+0.040%	$9.7M	$6.7M	100x	as long as short
Binance DRAMUSDT	+0.0610%	8h	62.500	+0.056%	$45.0M	$81.9M	50x	as long as short
Gate DRAM_USDT	+0.0820%	8h	62.490	+0.040%	$8.3M	$3.5M	75x	as long as short
BloFin DRAM-USDT	+0.0957%	8h	62.460	−0.008%	$298K	$26K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.1026%	8h	62.510	+0.072%	$37K	$153K	10x	as long as short
RISEx DRAM/USDClong	+0.1096%	1h	62.465	long leg	$456K	$498K	20x